New 5 Euro Note in Circula...

The beginning of May brought a capital insight of a different kind – brand new 5 euro banknotes. They are broadly similar in appearance to the current denominations, and are the exact same size. The primary purpose of introducing the new notes is to implement new security measures, in addition to updating the design. The changes are minor – they include a hologram of Europa and an updated map covering...

9/11 Museum Admission Fee:...

The National September 11 Memorial Museum has decided to charge visitors an admission price, resulting in feelings of outrage and frustration amongst the relatives of 9/11 victims. Though the exact price has not been determined, officials have stated that it will be somewhere between $20 and $25. Entry to the memorial plaza with its reflecting pools emblazoned with the names of the victims will remain free...

Lucrative April for US Aut...

The month of April has proven enormously successful for the automobile industry in the United States, amid hopes that an economic recovery may be gaining pace. It represents the best April performance for car manufacturers in six years. Most of the major car and truck manufacturers in the United States enjoyed a healthy capital insight in April, with Chrysler reporting a sales increase of 11%. Ford’s...

Economic Growth Hits Two Y...

Rebounds in construction, investment and imports have fuelled a major South Korean growth surge. According to the country’s central bank, the economy grew by 0.9% from January to March in comparison to the preceding quarter. This figure represents a two year high for South Korean economic growth, a rare glimmer of light amidst the global downturn. This positive capital insight was relatively unexpected,...

Belgium Criticises German ...

Belgium has sent a letter to the European Commission, claiming that so called ‘mini jobs’ in Germany are undermining EU competition rules. Even though it is the continent’s economic powerhouse, some workers lack social protection and are paid as little as three or four euro per hour. While many of these workers are German, a large number are Eastern Europeans employed by meat processing firms. This...

Rich Implicated in Tax Hav...

The identities of thousands of people hiding vast fortunes in offshore accounts have been uncovered by the International Consortium of Investigative Journalists (ICIJ) in Washington. Millions of documents have been leaked, revealing rampant tax evasion by wealthy individuals, mainly in the British Virgin Islands. It appears that Britain’s offshore banking sector is increasingly struggling to keep...

Bailout Deal Approved for ...

In the wake of last week’s disastrous capital insight aimed at extracting up to 10% of resident’s bank deposits, Cyprus has now agreed a last-minute bailout deal with the EU and IMF. The primary difference between the current plan and the one levelled last week is that small depositors have been afforded a degree of protection. The bailout deal represents a last-ditch attempt to keep Cyprus in the...
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